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Feb 15, 2013
02/13
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there's hundreds of us-- hundreds, thousands of us. look, 31,000 scientists and engineers signed a statement to the contrary to what you just read. >> hockenberry: the oregon petition? >> yes. >> hockenberry: the 14-year-old petition is not exactly an exclusive club. a bachelor of science degree is all it takes to get you on the list. this document, skeptics claim, counters the scientific consensus on global warming. now, are they all scientists? >> yes. one-third of them have ph.d.s. look, they are not specialists in climate. >> hockenberry: well, some were celebrities and friends... >> eh... >> hockenberry: it's a time- honored tactic by the skeptics: authentic-looking documents and reports that don't stand up to independent scrutiny. singer also signed the oregon petition. this is not his first time going up against accepted science. >> hockenberry: was the science around chlorofluorocarbons hyped, the science around secondhand smoke hyped, the science around the ozone layer hyped, going back ten, 15, 20 years? >> i'm happy to discu
there's hundreds of us-- hundreds, thousands of us. look, 31,000 scientists and engineers signed a statement to the contrary to what you just read. >> hockenberry: the oregon petition? >> yes. >> hockenberry: the 14-year-old petition is not exactly an exclusive club. a bachelor of science degree is all it takes to get you on the list. this document, skeptics claim, counters the scientific consensus on global warming. now, are they all scientists? >> yes. one-third of...
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Feb 1, 2013
02/13
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banks are the catalyst to get us out of this morass that we're in. you can talk so long about the past, but at some point, you've got to look at the present and the future. and i thought that's what he was saying. >> narrator: the president had decided. he would wait on reforming wall street, and adopt the cautious apoach. >> i think theresident sees himself as a pragmatist: "let's get through this. let's be pragmatic. let's not shoot for the moon and miss. let's accomplish as much as we can, but let's do it with the certainty that we know we can produce by taking this a little more cautiously." >> narrator: and the president required no firm commitments from the bankers. >> i think it's clear it was an opportunity lost. he had a room full of very frightened ceos. he was in a position then to make demands, and didn't. >>e didn't wt toistu the banks. he wanted them on their side so that things were as calm as possible. there would be basically business as usual. >> today the obama administration did indeed extend them an olive branch. >> it looks like
banks are the catalyst to get us out of this morass that we're in. you can talk so long about the past, but at some point, you've got to look at the present and the future. and i thought that's what he was saying. >> narrator: the president had decided. he would wait on reforming wall street, and adopt the cautious apoach. >> i think theresident sees himself as a pragmatist: "let's get through this. let's be pragmatic. let's not shoot for the moon and miss. let's accomplish as...
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Feb 13, 2013
02/13
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KQED
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trust us and we're going to use it so that you fulfill your campaign promises." >> narrator: majority leader cantor had laid out an approach that would put the new congress in direct conflict with the white house. >> it was clear the republicans were going to try to extract some price. and i think the question was, how significant would that price be? and how unyielding would the republicans be in order to get it? >> narrator: cantor thought he could count on the new members because he had worked hard to get them elected. >> america is at a crossroads, and washington remains out of touch. there is a better way, and a new team is ready to bring america back. eric cantor, kevin mccarthy, paul ryan, joined by common- sense conservatives... >> narrator: cantor had teamed up with his closest allies to form their own political action committee. >> together they are the young guns. >> this is the young guns. they have a book. they have a website. they're the new face of the republican party, and as mccarthy told me, paul is the brains, mccarthy is the strategist, cantor is the leader. >> nar
trust us and we're going to use it so that you fulfill your campaign promises." >> narrator: majority leader cantor had laid out an approach that would put the new congress in direct conflict with the white house. >> it was clear the republicans were going to try to extract some price. and i think the question was, how significant would that price be? and how unyielding would the republicans be in order to get it? >> narrator: cantor thought he could count on the new...
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516
Feb 8, 2013
02/13
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what are the standards you use, the criteria against which you make lending decisions?" and the guy looked at me, smiled smugly and said, "if they can fog a mirror, we'll give 'em a loan." >> my name is christopher cruise. i was a trainer of mortgage loan originators throughout the country. there was a plano, texas office in countrywide, and people would sidle up to me, saying, "you wouldn't believe what's happening around here. you wouldn't believe the loans i've been getting approved here." they were justlabbgast at at wld..whatas going through the pipeline. >> these are still on the books. did you know that? >> narrator: christopher cruise describes an industry driven to loosen its standards by demand from new york. >> you got the sense that wall street was in control of underwriting standards and not the mortgage industry. >> smith: what do you mean? >> well, if the underwriting was acceptable to wall street, if the underwriting was acceptable to the ratings agencies, that's all that counted. and so my sense is, it was probably a game among the people in the mortgage
what are the standards you use, the criteria against which you make lending decisions?" and the guy looked at me, smiled smugly and said, "if they can fog a mirror, we'll give 'em a loan." >> my name is christopher cruise. i was a trainer of mortgage loan originators throughout the country. there was a plano, texas office in countrywide, and people would sidle up to me, saying, "you wouldn't believe what's happening around here. you wouldn't believe the loans i've been...